DeFi Lending Protocol Compound Launched its Compound III Version

Decentralized Finance (DeFi) lending protocol Compound has announced that it has officially launched its Compound III (V3) on the Ethereum mainnet. Compound III is an EVM-compatible protocol that enables supplying crypto assets as collateral to borrow the base asset. Unlike in the past, this new version only supports one “underlying asset” for lending. It provides other encrypted assets as … Read more

NFT Lending Protocol Bend DAO Proposes New Measures against Bankruptcy Crisis

Subject to the bankruptcy crisis caused by depleted Ethereum reserves, NFT lending protocol Bend DAO has proposed new emergency measures pending a governance vote. The NFT lending protocol provides asset collateral for NFT holders by using their NFT assets as collateral to borrow ETH. When someone deposits an NFT into BendDAO, they can borrow up … Read more

Maven 11 Launches $30m Loan Pool on Defi Lending Protocol Maple Finance

Defi lending protocol Maple Finance has launched a $30 million liquidity pool backed by Netherlands-based crypto-native investment firm Maven 11. Maven 11 announced that the launch of the loan pool is designed to help institutional businesses seek income opportunities. A $30 million pool of funds funded by institutional lenders will provide liquidity to borrowers used … Read more

Coinbase Adds Near Protocol to Roadmap with NEAR Token Skyrockets

NEAR Protocol’s native token, NEAR, surged after it was added to cryptocurrency exchange Coinbase’s listing roadmap. Upon listing, NEAR was up 7.97% in the last 24 hours. The live NEAR price was trading at $5.82 with a 24-hour trading volume of $4,411,247,070. The coin is currently the 21st largest cryptocurrency by market cap and has … Read more